The latest Wells Fargo/Gallup Investor and Retirement Optimism Index study apparently drove home some unpleasant truths about how participants view their 401(k) plans and those who provide or administer them.
In a blog post, the firm said that 81 percent of respondents said they did not want more retirement planning advice from their employers. Nor did they turn for advice to the financial firms that run their plans (only 22 percent said they did this) or even to their HR departments (just 11 percent think this is the way to go).
Where do they go, then? Well, 39 percent said they relied on themselves, friends or family to figure out this big thing called retirement saving.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
